The global advanced glass market size reached US$ 65.68 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 95.14 Billion by 2027, exhibiting a growth rate (CAGR) of 6.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Advanced glass is a superior grade of glass manufactured by combining various components, including soda ash, pure silica (SiO2), fused quartz, natural gas, and sodium carbonate (Na2CO3). Unlike conventional glass, it undergoes several specific chemical and mechanical procedures that enhance its strength and durability for several applications. Apart from this, advanced glass has a high-performance index that protects from ultraviolet (UV) radiation, improves soundproofing characteristics, and provides security and resistance against acid erosion. Based on these properties, advanced glass finds extensive applications in screen protectors for multiple consumer electronics, flat panel displays, lenses, and windscreens. At present, it is commercially available in coated, toughened, laminated, and ceramic glass types.
Advanced Glass Market Trends:
With the signification expansion in construction activities, there has been increasing demand for effective value-added renovation materials, such as advanced glass, across various commercial and residential complexes, which is primarily driving the market growth. This can be further attributed to the ongoing investments in several infrastructural projects and the rising consumer awareness regarding the multiple benefits associated with the product. In line with this, the extensive utilization of advanced glass by original equipment manufacturers (OEMs) and automobile companies to compose easy-to-install vehicle windows is acting as another growth-inducing factor. The glass provides optimal comfort to the driver and passenger by inhibiting the heat release, further minimizing air conditioning load and improving fuel efficiency. Additionally, rapid technological advancements in the manufacturing process and the introduction of varying product types, such as smart, thin, safe crystal, nano canal, and self-cleaning glass, are contributing to the market growth. Other factors, such as extensive utilization of advanced glass in multiple consumer electronics, including laptops, desktops, and smartphones, and strategic collaborations amongst key players to enhance product performance and efficacy, are creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global advanced glass market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, function and end use industry.
Breakup by Product Type:
- Coated Glass
- Laminated Glass
- Toughened Glass
- Ceramic Glass
Breakup by Function:
- Safety and Security
- Solar Control
- Optics and Lighting
- High Performance
Breakup by End Use Industry:
- Building and Construction
- Aerospace and Defense
- Sports and Leisure
Breakup by Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being AGC Inc., Compagnie de Saint-Gobain S.A., Corning Incorporated, Fuyao Glass Industry Group Co. Ltd., Gentex Corporation, Koch Industries Inc., Nippon Sheet Glass Co. Ltd., Schott AG, Sisecam (Türkiye Is Bankasi A.S.), Tyneside Safety Glass and Xinyi Glass Holdings Limited.
|Base Year of the Analysis
| Historical Period
||Product Type, Function, End Use Industry, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||AGC Inc., Compagnie de Saint-Gobain S.A., Corning Incorporated, Fuyao Glass Industry Group Co. Ltd., Gentex Corporation, Koch Industries Inc., Nippon Sheet Glass Co. Ltd., Schott AG, Sisecam (Türkiye Is Bankasi A.S.), Tyneside Safety Glass and Xinyi Glass Holdings Limited.
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Key Questions Answered in This Report:
- How has the global advanced glass market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global advanced glass market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the function?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global advanced glass market and who are the key players?
- What is the degree of competition in the industry?